Platts, whose Dated Brent crude assessment is used to price more than half of the world’s oil, will keep the discount for April North Sea Forties with a higher sulfur content unchanged from March.
The unit of New York-based McGraw-Hill Cos. applies a so- called de-escalator to compensate buyers of Forties crude that contains more than 0.6 percent sulfur.
Sellers will pay 35 cents a barrel for every 0.1 percentage point of sulfur over that limit in April, Platts said today in an e-mailed statement. The pricing agency reviews the de- escalator every month.
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